Alectra Utilities

● Active

Utilities · Mississauga, Ontario, Canada · Est. 2017

UtilitiesB2BSaaSDeveloper-first↗ Website

$4.8B

Valuation

$2.2B CAD

Revenue

1k+

Employees

2017

Founded

Alectra Utilities is Ontario's largest municipally-owned electric utility, distributing electricity to approximately one million businesses and homes across ten communities in the Greater Golden Horseshoe region, including Barrie, Brampton, Guelph, Hamilton, Markham, Mississauga, Richmond Hill, St. Catharines, Vaughan, and Alliston. Formed in 2017 through the merger of PowerStream, Enersource, and Horizon Utilities, Alectra manages over 56,000 km of electricity distribution infrastructure and is jointly owned by its nine municipal shareholders.

Recent Press

5 items

PRESS RELEASE·2 days ago

Alectra Utilities Launches Next-Generation Utilities Infrastructure Platform

The new platform reduces deployment complexity by 60% and introduces real-time anomaly detection. Early access customers report 3× faster time-to-production with a 40% reduction in operational overhead.

FUNDING·3 weeks ago

Alectra Utilities Secures $220M Series F at $6.8B Valuation

The round was led by Andreessen Horowitz with participation from Sequoia and existing investors. Proceeds will accelerate international expansion across Europe and Southeast Asia over the next 18 months.

ACQUISITION·5 weeks ago

Alectra Utilities Acquires Developer Tooling Startup Stackform for $85M

The 18-person Stackform team joins Alectra Utilities Engineering. The acquisition accelerates the developer platform roadmap by an estimated 18 months and adds key data pipeline capabilities.

PRESS RELEASE·2 months ago

Alectra Utilities Expands Strategic Partnership with Google Cloud

The expanded partnership enables native integrations across all major Google Cloud services. Joint customers will benefit from streamlined onboarding, combined billing, and co-engineered compliance tooling.

EARNINGS·3 months ago

Alectra Utilities Reports Q3 Revenue Up 41% Year-Over-Year, Beats Estimates

Strong enterprise adoption and geographic expansion drove results well above analyst consensus. Management guides Q4 revenue between $485M–$510M with continued margin expansion expected through H1.

Company History

7 milestones

Alectra Utilities is established with a founding team of 6. The company sets out to reimagine utilities infrastructure from the ground up, with its first office in Mississauga, Ontario, Canada.

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